Interesting article if you can access
WFH and the office real estate apocalypse
https://www.nbr.co.nz/on-the-money/w...te-apocalypse/
Bit if a worry when things like this are said -
“The combination of declining cashflows and rising cap rates results in a substantial fall in the valuation of offices and suggests that remote work is a near-permanent shock. Ten years after the transition to work from home, office values remain at levels that are about 39% below 2019 valuations. Along paths where the economy remains in the WFH state for 10 years, office values in 2029 are 60% below their 2019 value.”